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Technology Stocks : VALENCE TECHNOLOGY (VLNC) -- Ignore unavailable to you. Want to Upgrade?

To: Jacques Tenzel who wrote (25532)6/12/2002 9:01:19 AM
From: hcirteg  Read Replies (1) | Respond to of 27311
 
Jacques-

The news of VLNC being replaced in the S&P Small Cap 600 explains a lot about the recent sell off. Funds who have to buy the index had to exit. Today's the last day.

HC



To: Jacques Tenzel who wrote (25532)6/12/2002 4:46:41 PM
From: Pallisard  Read Replies (1) | Respond to of 27311
 
Thanks for the reminder, Jacques. I had to be involved in something else, so didn't get a chance to hear it.
From today's stock action, it looks like no one was impressed, but then all this forced institutional selling from the S&P probably masks any underlying enthusiasm. I added some more around 1.50.
Does anyone have a brief summary or thoughts about the conf?
Thanks.


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